Question: Using the following balance sheet and income statement data, what is the current ratio? Current assets$28000Net income$43200Current liabilities14400Stockholders' equity77000Average assets157700Total liabilities42800Total assets134000 Average common shares

Using the following balance sheet and income statement data, what is the current ratio?

Current assets$28000Net income$43200Current liabilities14400Stockholders' equity77000Average assets157700Total liabilities42800Total assets134000

Average common shares outstanding was14000.

3.1: 1

1.9: 1

2.7: 1

0.5: 1

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